XRP is back to drama! 🎭 In the past 24 hours, the Ripple token has plunged below $2 twice. Just a few days ago, analysts said XRP had peaked.

Remember the incredible XRP price surge after Trump's victory and Gary Gensler's announcement that he would step down from the SEC in 2025? XRP had surged 400% in a month, from below $0.6 to almost $3, its highest since January 2018.

However, hopes of breaking through $3 and setting a new record above $3.4 were dashed. In the past few days, XRP has plunged 17% in two days, and many speculate that this is the peak of its cycle.

The news of a new pro-crypto SEC chairman turned out to be a 'sell the news' moment. XRP is now competing for third place with Tether in terms of market capitalization. Let's discuss in the comments column, is it time to buy or wait?